Trading analysis

USD/CHF (a 4- hour chart)

General Overview

The Franc continues to follow the euro/dollar. The first support is in the area 0.8800, then - 0.8740. The first resistance level is at 0.8890.

The price is above the cloud and under Chinkou-Span, that’s a confirmed buy signal. Both trend lines are moving horizontally. The cloud is directed upwards. The northern movement remains until Kijun-Sen is located below the price.

MACD histogram is still in a positive area, but below its signal line. The indicator shows a buy signal.

Trading recommendations

The Franc is directed towards 0.8890. After fixing above the target 0.8950 will become the next target.

Trading in financial markets involves substantial risks, including complete possible loss of investment capital. This activity is not suitable for all investors. High leverage increases the risk (Risk Disclosure).